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Goldman Sachs on the sharp USD/JPY 'intervention' drop from 150

This summary of a Goldman Sachs note is via the folks at eFX. For bank trade ideas, check out eFX Plus. USD/JPY's Abrupt Movements:From the end of July, there has been a gradual weakening of the JPY against the USD. However, the trajectory witnessed a sudden twist on October 3 post 11pm JST. After nudging the 150 mark, there was an almost instantaneous retraction to the 147 handle. This abrupt movement was short-lived, with the rate swiftly reverting to the vicinity of 149 within a few minut... Read More

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Posted: Oct 5 2023, 23:57

Author Name: forexlive

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